NXT Announces Convertible Debenture Conversion

Rhea-AI Summary

NXT Energy Solutions (OTCQB:NSFDF) announced that MCAPM, LP and Michael P. Mork (Mork Capital) have converted their entire debenture holdings of US$3,375,000 into 15,605,088 common shares of the company. Following this conversion, Mork Capital's ownership has increased to approximately 30,526,321 common shares, representing 28.0% of NXT's total issued and outstanding common shares.

Positive

• Elimination of US$3,375,000 in debt through conversion to equity
• Demonstrates major shareholder confidence in the company

Negative

• Significant dilution with 15,605,088 new shares issued
• Increased ownership concentration with Mork Capital now controlling 28% of shares

News Market Reaction

-1.33%

1 alert

-1.33% News Effect

On the day this news was published, NSFDF declined 1.33%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CALGARY, AB / ACCESS Newswire / June 26, 2025 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) is pleased to announce that MCAPM, LP and Michael P. Mork (together "Mork Capital"), have converted all their debentures, totaling US$3,375,000, into 15,605,088 common shares of the Company. Mork Capital now owns approximately 30,526,321 common shares of the Company, or 28.0% of the total issued and outstanding common shares of NXT.

About NXT Energy Solutions Inc.

NXT Energy Solutions Inc. is a Calgary-based technology company whose proprietary airborne SFD® survey system, applied in numerous basins around the world, uses the principles of quantum mechanics to infer stress anomalies of exploration interest. The method can be used both onshore and offshore to remotely identify areas conducive to fluid entrapment in order to recommend areas with commercial hydrocarbon and/or geothermal potential. The SFD® survey system enables our clients to focus their exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential. SFD® is environmentally friendly and unaffected by ground security issues or difficult terrain and is the registered trademark of NXT Energy Solutions Inc. NXT Energy Solutions Inc. provides its clients with an effective and reliable method to reduce time, costs, and risks related to exploration.

Contact Information

For investor and media inquiries please contact for NXT Energy Solutions Inc.:

Michael Baker

Investor Relations

302, 3320 - 17th AVE SW

Calgary, AB, T3E 0B4

+1 403 264 7020

nxt_info@nxtenergy.com

www.nxtenergy.com

SOURCE: NXT Energy Solutions, Inc.

View the original press release on ACCESS Newswire

FAQ

What is the value of debentures converted by Mork Capital in NXT Energy Solutions (NSFDF)?

Mork Capital converted debentures worth US$3,375,000 into common shares of NXT Energy Solutions.

How many shares did Mork Capital receive from the NSFDF debenture conversion?

The debenture conversion resulted in Mork Capital receiving 15,605,088 common shares of NXT Energy Solutions.

What percentage of NXT Energy Solutions (NSFDF) does Mork Capital now own?

Following the debenture conversion, Mork Capital now owns 28.0% of NXT Energy Solutions' total issued and outstanding common shares, representing approximately 30,526,321 shares.

How does the debenture conversion affect NXT Energy Solutions' debt?

The conversion eliminates US$3,375,000 of debt from NXT Energy Solutions' balance sheet by converting it into equity.